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Location: San Francisco, US West

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Type: Small Private VC

FIRM DESCRIPTION: Blumberg Capital is an early-stage venture firm that works closely with innovative entrepreneurs to build exceptional companies. Our team has over a century of relevant experience collaborating with disruptive technology companies in Software, Digital and Social Media, Mobile and Consumer Internet. Our relevant operational expertise and focused network enables us to be bridge-builders, connecting entrepreneurs with key business, technology, and investor partnerships to drive success. Blumberg Capital is headquartered in San Francisco with team members located in New York and Israel.

Posted by
gordonnyc
on 2011-10-19

I am very happy with the whole process of working with Blumberg Capital.

From the beginning, I was very impressed with how David and the whole team worked with us. Seriously, the whole team is great. Everyone at Blumberg is approachable and committed to our success.

They are all very supportive and we are stronger with them on board. In addition to the funding, they have helped us in a variety of ways.

Blumberg quite actively participates in a wide range of important industry events throughout the world. While at these events, we see that they promote our company, giving us a great deal of exposure to international audiences of all types. They are great evangelists!

Just last month, members of the Blumberg team attended TechCrunch Disrupt SF and the iMedia Brand Summit with us. They were very helpful in getting us leads and contacts before, during and after the events.

Their service, fast response and attention to detail are great and I appreciate their guidance. Recently, they allocated a member of their team to assist us with our sales pitch and media kit.

They continually help us to open doors, forge new partnerships and arrange meetings. (They are definitely well-connected.) The feed us helpful analysis, useful leads and help us to make the right connections on a regular basis.

Overall, they have a unique team that is proving to be a very good fit for us.

Posted by
BayAreaStartup
on 2011-10-09

PUBLIC:

My company took funding from Blumberg Capital, and it has been an tremendously positive experience so far. I thought I'd group my feedback in terms of my impression of Blumberg Capital during the pitch and term sheet process, and then the feedback on what it is like to work with them as one of their portfolio companies.

Pitch process and Term sheet:
We ended up going with Blumberg Capital in large part due to the way the conducted themselves during our pitch process. More so than other VCs with whom we met, our entire team felt that the Blumberg team really wanted to get to know us on a very personal level. This included multiple trips to our office with their entire team, and a desire to get to know everyone on the team (not just management). This made the process seem much less transactional and much more like a true partnership and relationship.

Some of these meetings seemed much more like collaborative brainstorming exercises than evaluative pitches. I liked this because it allowed me to gauge what they would be like to work with, how they were thinking about our business long-term, and how receptive to our ideas and passion they would be.

In terms of the term sheet, I found them to be extremely reasonable. They were completely transparent in what their motivation was, what their terms of highest priority were, and how much flexibility they had. I also found that they were very open to creative ideas in how to meet both of our needs and develop alternative structures that might be more mutually beneficial. This also enforced our decision to go with Blumberg, since we did not want to start an investor relationship that was steeped in tension or feelings of being cheated / competitive.

Post-funding Working Relationship:
Again this has been very positive. I see Blumberg Capital's greatest strengths to be:
(1) Hands on (in a good way): there are hundreds of ways in which the Blumberg team has helped us out. This has included:
* attending a conference with us to help pound the pavement and get sales leads
* spending hours (literally) looking through their list of contacts and facilitating intros for purposes of sales and feedback
* sitting in on a sales pitch to help convince an ad agency, as well as provide direct feedback on how we can improve our slaes pitch (this was at my request)
* reviewing contracts and partnership agreements to provide feedback on how to strengthen our position
* joining for brainstorming sessions (multiple times) to add another perspective and collaborate on different company issues

The amount of time and effort they are willing to spend on this is truly amazing, and VERY a-typical for an investor. I definitely feel that I get cooperation, help, and assistance in a way that I would not expect for this level of investor (very similar to an angel investor in some ways in this respect)

(2) Network - David is especially a strong networker and constant company ally. He is constantly referring people, friends, and acquaintances to our company, and I can tell that we are constantly on his mind and he is looking for other people who an assist in what we're doing.

Overall, they've been a pleasure to deal with and very entrepreneur friendly.

Posted by
oesterle
on 2010-08-25

PUBLIC:

Blumberg is an excellent early-stage VC. They have a highly engaged, small team that is very committed to the success of its portfolio companies.

I have had the pleasure of working directly with Bruce, who is routinely cranking out 14+ hour days (unusual for any stage of venture) and available at all times to help. He goes out of his way to work with us across any area in which we need resources or connections, and was instrumental in putting together our most recent seed round, including facilitating introductions and closing the loop with the majority of the other capital that came in alongside them.

Overall, Bruce and David have a strong reputation with angel and larger venture investors as hard-working, passionate early team members who will roll up their sleeves and work with founders to tackle the hard problems that are guaranteed to arise with seed-stage companies. They are quick to make bets before product-market fit if they believe in the market and team, and have a straightforward and fast diligence process (we closed in four weeks from first meeting). Their counsel is easy to work with.

Prior to choosing to work with Blumberg, I called five of their later-stage portfolio CEOs at random without warning. All gave glowing reviews and indicated strong support from Blumberg when they raised later rounds.

Bipul, Bruce, and David are an amazingly good team to work with. They are passionate, involved, and caring. Bipul, in fact, has become an extension of the founding team, the way he helps out with recruiting, evangelizing, and getting potential beta customers and advisors. Bipul is a rising star of the team, and he gets all the support he needs from David and Bruce to make us succeed.

David and Bruce have built a very large network over the years. We dip into that network very frequently for finding early champions for the product. Blumberg is the perfect 1st VC we would have liked to have for our venture. They are small, agile, and thoughtful.

Posted by
Ouri
on 2010-01-25

PUBLIC:

I had the privilege of working with Bruce and David after Blumberg Capital's early stage investment in Puresight. At the time I was the GM for PureSight. Bruce was the partner assigned to our firm. I was impressed by Bruce's level of involvement with our firm. His advice was invaluable in refining our go to market strategy as well as recruiting and building the team in the USA. Bruce also introduced us to his vast business relationship network - which proved invaluable for us as a start-up. Beyond his business competence and understanding, Bruce is a caring, balanced, objective individual – the type of character ethics you rarely find in business.

Posted by
Entrepreneur
on 2009-07-31

PUBLIC:

I had the pleasure of working with the folks at Blumberg Capital for the past year. Very down to earth people, not arragant. Willing to take risks, venture into unfamiliar territory and trust their guts when other VCs were hesitant. Blumberg Capital led our Series A and have worked very hard to help us build a great syndicate for this deal, help us build the business and help us network. They were willing to step in and roll up their sleeves when we needed more attention. They maintain a very select portfolio which allows them to really focus on each portfolio company, learn the business and add value. They are a real partner.

Blumberg is a relatively small fund.
I think that they have a group of people that understands pretty well the space they operate in and their relative size in it.
I believe one of the high points in working with them is the human factor.
They are great! Very nice, polite, smart people - a real pleasure to work with.

I must state that Sharon, Bruce and Bipul were just first class professionals.